Nigerians woke up this morning to the news of a merger between Tier-1 Bank, Access Bank and Tier-2 Bank, Diamond Bank.

For industry watchers, the deal is a long anticipated one. While the two financial institutions have released a statement confirming the signing of Memorandum of Agreement.

Nairametrics brings to you a compilation of reactions by Analysts and Stock Brokerage firms on the new merger agreement.

Bua group

 

 

 

1 COMMENT

  1. In Nigeria, deceit is the tool that Our political, spiritual , and business Leaders are using to lead us; the two parties earlier denied the news. There is possibility that toxic asset of Diamond Bank would contaminate Merged asset. NBV of Diamond Bank as at 30/09/2018 was NGN 9.57 but it traded at NGN0.87 on 13/12/2018; there are many factors that could lead to such wide gap, We should not be oblivious of the huge write-off that followed some previous merger and acquisition.

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